Sherwin-Williams Co., the largest U.S. paint retailer, said Mexico’s antitrust regulator rejected its appeal of a ruling that blocked its acquisition of the Mexican operations of paint maker Consorcio Comex SA.

Sherwin-Williams is reviewing the Federal Economic Competition Commission of Mexico’s decision and is considering its options, including possibly refiling with the regulator, the Cleveland-based company said in a statement. (For more coverage on Mexico, see "Right Moment for Mexico" and "10 Emerging Markets to Watch.")

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